Silver rate in Kochi
silver rate in kochi

1gm:
77.30
0.00(0.00%)
1kg:
77,300.00
0(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Known as the "Queen of the Arabian Sea," Kochi is a picturesque city in Kerala. It is renowned for its scenic views and is a hub for some of the world's most luxurious ships. During Navy week celebrations at Wellington Island in Kochi, many travellers flock to experience the grand parade of the Indian Navy and the carnival that is showcased.

Silver is a popular commodity in Kochi. As a result of its extensive availability, silver jewelry is typically purchased by tourists when they go shopping. Kochi is also a hub of numerous handicrafts that require silver. Jewellery shops dot the city of Kochi, which is also one reason it is known as a shopper's paradise.

Silver rates as per grams in Kochi

GramYesterdayToday
1gm
77.30
0.00 (0.00%)
77.30
0.00 (0.00%)
8gm
618.40
0.00 (0.00%)
618.40
0.00 (0.00%)
10gm
773.00
0.00 (0.00%)
773.00
0.00 (0.00%)
100gm
7,730.00
0.00 (0.00%)
7,730.00
0.00 (0.00%)
1kg
77,300.00
0.00 (0.00%)
77,300.00
0.00 (0.00%)

How Can I Purchase Silver In Kochi?

Depending on the buyer's preferences, there are many ways to purchase silver in Kochi:

Electronic Form: Using the Multi-Commodity Exchange, more often known as MCX, it is possible to purchase it reasonably straightforwardly in an electronic format.

Silver Coins and Bars: The purchase of silver coins is one of the most preferred ways to invest money. Two of the most compelling arguments favour using silver coins as an investment. These are the comparatively low purchase cost and the ease with which they may be stored.

Silver Ornaments: Silver is both simple and inexpensive, which makes it a popular option when buying jewellery.  

Mutual and Exchange-Traded Funds: Silver exchange-traded funds and silver mutual funds enable investors to invest in silver without handling the metal directly. It is an excellent way of investing in silver without the hassles of managing metal.

Historical silver rates in Kochi in last 10 days

1 gram
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Day Silver
04 Feb 2023
77.30
0.00 (0.00%)
03 Feb 2023
77.30
0.00 (0.00%)
02 Feb 2023
77.30
2.50 (3.35%)
01 Feb 2023
74.80
0.30 (0.41%)
31 Jan 2023
74.50
0.30 (0.41%)
30 Jan 2023
74.20
0.00 (0.00%)
29 Jan 2023
74.20
0.00 (0.00%)
28 Jan 2023
74.20
-0.40 (-0.53%)
27 Jan 2023
74.60
-0.40 (-0.53%)
26 Jan 2023
75.00
1.00 (1.36%)

Why Is Silver a Good Investment Option in Kochi?

Investing in silver as a commodity is an easy endeavour that can yield substantial returns. Due to the current comparatively high value of precious metals such as silver, investing in this metal is worth considering.

Recovering to High Values

Examining the current trend of silver on the market reveals that it is rebounding from its recent lows during the past couple of years. Observing the recent movement of silver on the market, you can confirm the bounceback of silver to high levels. After everything that has occurred, the current timing is ideal for silver investments. Researching the current trading price of silver is a critical step before making any decisions.

Less Expensive

With gold prices mostly on an upward trend, investing in silver is an affordable option. Most Indian households have certain budget constraints when they buy gold but they find silver easier to afford. For special occasions and festivals, silver has a cultural significance as it is used for puja items and so on.

Constant Demand

The demand for silver is partly driven by the production industries, which require silver for their operations. Most analysts are bullish about the demand forecast for silver in the coming years. Notably, silver imports into India surged up to 5,100 tonnes in the first seven months of 2022, according to data from the Ministry of Commerce and Industry. In comparison, silver imports for 2021, were valued at 2,773 tonnes and 2,218 tonnes in 2020.

This demand, however, much exceeds that of any other business. Consequently, investing in commodities in great demand is advantageous since it enhances the possibility of a positive return on investment.

Inflation

Historically speaking, silver has been a more reliable investment than gold. It is because silver's value remains relatively stable over time. In times of economic instability and rising prices, silver is typically the asset of choice for people who wish to safeguard their capital against the chance of loss.

In addition, silver is a commodity that is still used in a vast array of applications. It makes it a viable option for cautious investors.

Weekly & monthly silver rate in Kochi
1 gram
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7 Days
30 Days
3 Months
6 Months

Investment Options for Silver in Kochi

Silver is a precious metal that is often bought and sold on commodity markets and can be considered as an alternative investment option inKochi. The price of silver can fluctuate based on a variety of factors, such as supply and demand, interest rates, and global economic conditions. In Kochi, the price of silver is often quoted in Indian Rupees (INR) per kilogram.

Investors in Kochi may choose to invest in silver through a variety of means such as buying physical silver, buying silver ETFs or investing in silver mining stocks.

  • Physical Silver: Investors can buy physical silver in the form of bars, coins, or jewelry and hold it as a store of value. One advantage of buying physical silver is that investors can hold it directly in their possession, giving them control over their investment. However, physical silver also involves certain costs like, storage and insurance, and also it's not easy to liquidate it quickly.

  • Silver ETFs: An ETF is an investment fund that is traded on stock exchanges, like shares. ETFs that track silver allow investors to invest in silver without actually owning the physical metal. These ETFs can be bought and sold just like stocks and are considered to be more liquid and easier to trade than physical silver.

  • Silver Mining Stocks: Investing in silver mining stocks is another way to gain exposure to the silver market. When an investor buys shares of a silver mining company, they are buying a stake in the company's assets and profits. However, this type of investment carries more risk than investing in physical silver or ETFs as the performance of the company, management and also the mining conditions can affect the stock's performance.

When it comes to investing in silver, it is important to be aware that the price of silver can be volatile and may fluctuate based on various factors such as economic conditions, supply, and demand. Before making any investment decisions, it is always wise to consult with a financial advisor and also do research to gain a better understanding of the market conditions and the potential risks and returns associated with investing in silver.

Trend of Silver rates in Kochi

1 gram
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Day Silver
01 February 202374.8
07 February 20230
Highest77.3
Lowest74.8

Things to Remember Before Buying Silver Jewellery in Kochi?

When buying silver jewelry in Kochi, it's important to keep the following things in mind:

  • Quality: Make sure to only buy silver jewelry from reputable jewelers who use high-quality silver. Ask to see the purity certification for the silver, and ensure that it is hallmarked by the Bureau of Indian Standards (BIS).

  • Design: While buying silver jewelery also consider the design of the jewelry. Check for the intricate details and craftsmanship of the piece.

  • Price: Compare prices from multiple jewelers to ensure you are getting a fair price for the piece. Be aware of any additional charges, such as import duties or GST, that may affect the final price.

  • Hallmarking: Always check the authenticity of Hallmarking on your silver jewelry, it gives you the assurance of the purity of silver.

  • Returns and exchanges: Find out if the jeweler has a return or exchange policy, just in case the piece doesn't meet your expectations.

  • Purpose: Think about why you are buying the silver jewelry, is it for personal use or as a gift. Also, consider if it's something you can wear often, and it would look good with your existing collection of jewelry.

  • Aftercare: Ask about the jeweler's recommendations for cleaning and maintaining your silver jewelry, to ensure it remains in good condition.

FAQs of Silver price in Kochi

Which is a better investment, silver or gold?

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How soon can I get a silver loan?

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What elements contribute to the increase in silver's price?

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Who decides the price of silver?

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